The Northern Territory Government in Australia has awarded major project status to Sun Cable’s proposed Australia-Singapore Power Link (ASPL).

Sun Cable’s ASPL is an $14bn (A$20bn) project near Tennant Creek that involves power supply to the Darwin and Singapore markets through a high voltage direct current transmission. It includes a 10GW solar farm and a 20GW-30GWh storage facility.

The Northern Territory Chief Minister Michael Gunner said: “The Northern Territory has an incredible opportunity to lead the world as a renewable energy hub, and seizing this opportunity will deliver thousands of local jobs.

“We have the guaranteed cloud-free days, the land and a government with the vision, plan and will to make it happen. Major Project Status for Sun Cable is an important step towards making this vision a reality.

“The Sun Cable project is a gamechanger for the Territory and will further our reputation around the world as a place to do business and invest. Not only does it announce the Territory as a major world player for renewable energy exports, but also a future where clean, cheap, reliable energy creates local jobs in industries right across the Territory.”

The company will also conduct a detailed study to evaluate the integration of ASPL into the developing ASEAN power grid. The project’s construction phase is expected to provide 1,000 employment opportunities and 300 operational jobs.

Prefabricated solar farm technology is expected to be produced in Darwin and Adelaide. Following this new development, the government and Sun Cable will now hold a discussion about a project development agreement (PDA).